Economic calculation is not an either-or proposition. Even in so-called market economies like that of the USA, there is plenty of government intervention that distorts market processes. Original Article: "Economic Calculation Is Nonbinary"
Many economists believe that technical knowledge is the key to economic growth. If this is the case, why do third world economies continue to experience poverty, since these economies can access the same technical knowledge as the developed world? Therefore, technical knowledge being the key
Argentina’s problem is not Milei. The Central Bank of Argentina does not have to devalue the peso due to the victory of Javier Milei in the primaries. The Central Bank of Argentina and the Peronist government have been devaluing the peso and sinking the currency for years. It must devalue
Walter Olson Election reform does not appear among the 25 planks in Vivek Ramaswamy’s published policy plan. This makes it all the more surprising to learn that the GOP presidential candidate has a four‐point plan to reform elections in the United States, absent the enactment of which
Ryan and Zachary rank the GOP candidates at the debate. They range from "least terrible" (Ramaswamy) to "utterly awful" (Haley and Pence). Be sure to follow War, Economy, and State at Mises.org/WES.
Anastasia P. Boden The Constitution literally made an appearance at the first Republican presidential debate last Wednesday. When Doug Burnham was asked whether he supported a federal abortion ban, the pro‐life governor whipped out his pocket Constitution and waved it around in the air, noting that whatever
Jeffrey A. Singer Bloomberg News is reporting that U.S. Department of Health and Human Services Assistant Secretary for Health Rachel Levine has sent a letter to Drug Enforcement Administrator Anne Milgram asking her agency to reclassify marijuana (cannabis) as a Schedule III drug. The DEA defines Schedule III
The "2 percent" inflation target is purely arbitrary, and mainstream economists can't agree on the "right" level. It's all folly, and Austrian economics explains why. Original Article: "What Is the Right Inflation Target for Central Banks?"
Chris Edwards Did the debt‐ceiling deal passed in May reflect a new congressional focus on spending restraint? Or was it a fluke win by House conservatives that will unravel as Congress addresses spending this fall? One test will be the upcoming farm bill, which will reauthorize both farm subsidies
